OPEN-SOURCE SCRIPT

Jim's MACD

Updated

MACD Buy/Sell Strategy

Filters bearish crossovers above the 0 line and bullish crossovers below.

Uses 34 ema to further filter the trades and take only longs above and only shorts below.

Apply at least 2:1 risk to reward ratio to account for losing trades.

Trade at own risk!

Release Notes

Added trade timeframes:

7:00AM - 4:00PM
7:00PM - 10:00 PM

Set ema to 7 period moving average

Release Notes

Simplified buy/sell signal code logic

Release Notes

Removed commented old code

Release Notes

Removed MACD from below and EMA is shown on candles again

Release Notes

Added bar color

Changed timeframe

9:00AM - 4:00PM
7:00PM - 10:00PM

Release Notes

Switched back to 7 period EMA

Time frames adjusted and meant for NYC eastern time

Release Notes

Logic now only trades bullish MACD cross overs below the 0 line and bearish crossovers above the 0 line. Reverse of the initial code.

Code now contains Momentum logic and Hull EMA logic

Trade timeframe is set to 11AM - 4PM EST , 7PM -10PM EST

Release Notes

Added VWAP

Removed HullMA visibility

Release Notes

Removed VWAP as it is crowding

Release Notes

Changed time to search conditions prior

Sell logic now only checks MACD

Release Notes

Buy and Sell entry now both use momentum and hullema logic

Release Notes

Code clean

Release Notes

Removed ema

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

yimbobz

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